RIM paid Nokia $65 million as part of settlement

posted by Alan F. / Dec 26, 2012, 7:09 AM

RIM paid Nokia $65 million as part of settlement

Allegedly a BlackBerry 10 N-series device

Last Friday we told you that Nokia and RIM had entered into a global agreement that would end current patent-related lawsuits in progress between the two firms in the U.S.,U.K. and Canada. And while it was announced that RIM would be paying a licensing free to Nokia, the amount of that payment was not disclosed until RIM filed its FORM 6-K with the SEC related to the recent release of its quarterly earnings report. Both firms have shares that trade in U.S. markets requiring both companies to keep up with SEC mandated paperwork.

According to RIM's FORM 6-K, a one time payment in the amount of 50 million EUR ($65 million USD) was made from RIM to Nokia as part of the settlement. No other financial terms were disclosed in the form and we will have to wait for the same form to be filed by RIM next year to see if there are any annual payments to be made to Nokia besides the lump sum amount.

We are now approaching the one month countdown until the January 30th introduction of the new BlackBerry 10 OS, which might represent RIM's last chance to compete with iOS and Android.

:On December 21, 2012, Nokia and RIM announced that they have entered into a new patent license agreement. The agreement will result in the settlement of all patent litigation between the companies and Nokia’s dismissal of all pending actions in the United States, United Kingdom, Canada and Germany. The financial structure of the agreement includes a lump sum €50 million (approximately $65 million) one-time payment, which has been recorded in the Company’s consolidated statement of operations in the third quarter of fiscal 2013."-RIM's FORM 6-K

source:SEC via WMPoweruser

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22 Comments

1. tashreef

Posts: 476; Member since: Nov 24, 2012

Good Days of Nokia begin's.........

posted on Dec 26, 2012, 7:20 AM 8

12. sid07desai

Posts: 290; Member since: May 03, 2012

Bad ones of RIM too... poor company's already crippled

posted on Dec 26, 2012, 9:25 AM 7

14. MeoCao unregistered

This money is not big for a big company like Nokia, but it's hugely important right now. The money is enough for additional 300k L920s.

posted on Dec 26, 2012, 10:08 AM 1

17. AnTuTu

Posts: 1580; Member since: Oct 14, 2012

Good to see Nokia is making a come back with a bang, best of luck Nokia..!!

posted on Dec 26, 2012, 1:42 PM 3

2. satydesh

Posts: 71; Member since: Nov 22, 2011

dear nokia there was no need of selling headquarter just sue other companies which will give almost deep breath to stay in game!!!

posted on Dec 26, 2012, 7:25 AM 10

4. eisenbricher

Posts: 973; Member since: Aug 09, 2012

They will build a better headquarter! Indeed Nokia will definitely see glorious days ahead.

posted on Dec 26, 2012, 8:02 AM 4

8. windroid unregistered

Nokia sold their headquarter because leasing it is tax deductible.

posted on Dec 26, 2012, 8:27 AM 5

3. lumia920

Posts: 112; Member since: Nov 27, 2012

nokia sued every one and yet no one is able to sue nokia... does this not clearly says who is the real champion? nokia is the father of fathers.. and the king of the kings... love you nokia..

posted on Dec 26, 2012, 7:55 AM 12

5. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Apple will be the first to sue in US at aleast and try to slow down Nokia (and windows) if the Nokia sales numbers start eating into iOS share in long run.

posted on Dec 26, 2012, 8:07 AM 1

6. muhsen

Posts: 281; Member since: Jun 07, 2012

it has already started to eat iOS share in many countries including the most populous country and the second in smartphone sales(china).i won't tell u see the latest reports and news.u should just see statcounter and u will notice that .who knows??! maybe Nokia (with windows phone) will achieve in the US ,what android with its 68% worldwide marketshare couldn't achieve,which is taking the crown of the US smartphone world from apple.

posted on Dec 26, 2012, 8:17 AM 3

7. eisenbricher

That's probably going to happen. In so many comments I see iOS users ditching iPhones and switch to Lumia.

posted on Dec 26, 2012, 8:18 AM 6

16. rusticguy

Yes it is happening in Southern Europe, Brazil, Austrialia to name a few. China and India Apple was always a non entity just hovering around 2-3% in India for example and i think Bada must be doing better than iOS in India but not sure ... Yes NOKIA devices are good but i ain't making M$ any richer by contributing towards license costs :)

posted on Dec 26, 2012, 12:28 PM 3

10. lumia920

if any body sued nokia then that will one of my worst day in my life. hope it will never become.. i love nokia so much...

posted on Dec 26, 2012, 8:44 AM 1

23. Mobile-X-Pert

Posts: 565; Member since: Dec 20, 2010

Apple already paid more than 500 millions to Nokia and also pays royalties every year.

posted on Dec 26, 2012, 5:03 PM 1

15. No_Nonsense unregistered

Apple pays royalties to Nokia.

posted on Dec 26, 2012, 10:45 AM 3

9. lumia920

if apple sued nokia once in future then nokia is also able to sue apple 100 time more... i wouldn't believe if ever did because i know US courts are biased.. they will favour apple.. they love apple. but the rest of the world knows nokia, the king.

posted on Dec 26, 2012, 8:40 AM 5

11. CardiWPfan

Posts: 129; Member since: Sep 12, 2012

Do you folks not realize that NOKIA and its Subsidiaries and divisions have more patents than most of these companies that are over suing. Nokia hasn't even started ramping Patent suing yet. Lets just say APPLE has noting on Nokia's Patent Portfolio remember that. Apple is not even close, but something tells me interesting days are ahead. Plus Nokia did a very smart thing when they sold there HQ, its cheapter to lease back because of the tax deductions in Finland. US courts maybe bias but the World Trade Organization could still over rule any U.S Court decision anyday.

posted on Dec 26, 2012, 9:18 AM 6

13. Omar-BHR95

Posts: 184; Member since: Dec 23, 2012

but i love both Nokia and BlackBerry :(

posted on Dec 26, 2012, 9:43 AM 3

22. XPERIA-KNIGHT unregistered

jus cuz nokia is gettin paid DOESNT MEAN its all bad for RIM!............grow up people, somtimes you gotta pay your dues in order to free your self up for the future, SO YOU'RE NOT TIED TO ANYONE.....smh

posted on Dec 26, 2012, 2:55 PM 2

24. gazmatic

Posts: 807; Member since: Sep 06, 2012

Everybody loses when they sue Nokia. Nokia spends the most on R&D. They just have a problem with optics. They should stop announcing that they wont support a device. Other companies stop supporting their devices but somehow Nokia thinks it's "polite" to announce it. Still their products are great

posted on Dec 26, 2012, 7:40 PM 0

25. ltjordan24

Posts: 3; Member since: Dec 24, 2012

65 million? I thought that the one-time payment would be considerably more considering all of Rim's devices were found to be in violation of the patent.